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France Launches New Centralized Transfer Pricing Program

French Tax authorities recently launched a new transfer pricing program - Mission d’expertise juridique et économique internationale (MEJEI).

 
PRLog - March 6, 2014 - SUNNYVALE, Calif. -- French Tax authorities recently launched a new transfer pricing program - Mission d’expertise juridique et économique internationale (MEJEI). This program will be jointly responsible for both Advance Pricing Arrangements (APAs) and Mutual Agreement Procedures (MAPs), reports Nair & Co.’s International Tax team.

Formerly, APAs and MAPs were separately handled by  Direction générale des finances publiques (Bureau CF3)and Direction de la legislation fiscale (Bureau E1), respectively, with littlecollaboration and frequent inconvenience to the affected parties.

The new French centralized program – MEJEI can be compared to the current treatment of APAs and MAPs in the United States. Under this new program, one team will be responsible for both APAs and MAPs. Further, similar programs are expected to be carried out more efficiently and effectively.

Nair & Co.’s International Tax team anticipates the new MEJEI program to be beneficial for taxpayers. Reasons for launching the MEJEI include:-

* Lack of cooperation between Bureau CF3 and Bureau E1

*  Taxpayers’ exposure to certain disadvantages arising out of lack of operational synergies between the above bureaus

*  Incompatible case resolutions, in certain situations, by the above bureau

For more information about international expansion services (http://www.nair-co.com/) or to learn more about our global regulatory compliance team please contact us (http://www.nair-co.com/global-offices.aspx).

Subscribe (http://www.nair-co.com/subscribe.aspx) to regular global tax compliance alerts from Nair & Co.

Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts (http://www.nair-co.com/newsandannoucement.aspx)

About Nair & Co.

Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com

Media Contacts: For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867

Contact
Yvonne Smith
408 501 8867
***@nairusa.com

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***@nairusa.com
Source:Nair & Co.
Location:Sunnyvale - California - United States
Industry:Business
Tags:global tax compliance, MEJEI, Mutual Agreement Procedures
Shortcut:prlog.org/12291613
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